After months of speculation and a rotating roster of guest co-hosts,
TMZ reports that former NFL star
Michael Strahan will be joining
Kelly Ripa as
Regis Philbin's permanent replacement on
"Live! With Kelly."

TMZ's sources at ABC say Strahan will be named co-host when Ripa makes her big announcement on the show on Tuesday, Sept. 4. Strahan's rep was reportedly spotted outside the network's building in New York City on Tuesday (Aug. 21), "grinning from ear to ear."

"All bets are on Michael Strahan," a source told Hollywood Life in May. "He's funny, does well on camera and gets along really fabulously with Kelly. Michael is the top name that is seriously being thrown around right now."

However,
Josh Groban and
Seth Meyers were
both recently thought to be the ones to beat for the job.

Are you excited to see Strahan sitting next to Ripa on a permanent basis?